Marathon Digital is set to become the sole manager of two newly acquired bitcoin mining sites, effectively terminating competitor Hut 8’s current involvement in overseeing these facilities.
Located in Kearney, NE and Granbury, Texas, the sites boast a combined operational capacity of 390 megawatts.
Prior to this announcement, Hut 8’s managed services subsidiaries have led all aspects of the Kearney and Granbury site operations, including accounting, curtailment and customer relations.
But Marathon CEO Fred Thiel said in a statement that by the firm operating the sites on its own, “we will be able to fully recognize the operational and economic benefits of owning these…
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